Baron Emerging Markets Fund (BEXIX)

Portfolio Management

MichaelKass
Michael Kass

Fund Manager since 2010

Objective & Strategy

The investment goal of Baron Emerging Markets Fund is capital appreciation.

The Fund invests in non-U.S. companies of all sizes with significant growth potential. The majority of investments are in companies domiciled in developing nations, and the Fund may invest up to 20% in companies in developed market countries and in frontier countries. Diversified.

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Fund Description

Baron Emerging Markets Fund invests primarily in growth companies in developing countries.

   

  

Fund Resources

Latest Fact Sheet

Fact Sheet - Institutional Shares

Performance Summary as of April 30, 2012

  Annualized Returns Since Inception
12/31/10
YTD 1 YR 3 YR 5 YR 10 YR Annualized Cumulative
14.94% -6.38% N/A N/A N/A -3.47% -4.60%
Growth of $10,000 Chart

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Top Ten Holdings as of April 30, 2012

Holding Sector Percentage
Qualicorp SA Industrials 2.7%
M. Dias Branco SA Consumer Staples 2.3%
TOTVS SA Information Technology 2.3%
21Vianet Group, Inc. Information Technology 2.3%
Bank Rakyat Indonesia (Persero) Tbk PT Financials 2.2%
Sarana Menara Nusantara Tbk PT Industrials 2.2%
Media Nusantara Citra Tbk PT Consumer Discretionary 2.1%
Universal Robina Corp. Consumer Staples 2.0%
Estácio Participações SA Consumer Discretionary 2.0%
Lupin Ltd. Health Care 2.0%
Total 22.1%
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Performance Based Characteristics

This information is not currently available.

Daily Price (NAV)

Prices for May 18 , 2012
(BEXIX)
NAV $8.64
Daily Change ($) -$0.09
Daily Change (%) -1.03%
MTD -9.43%
YTD 4.10%
52-Week High $10.09
52-Week Low $8.02

Fund Facts

Inception Date December 31, 2010
Net Assets^ $7.55 million
CUSIP 06828M876
Expense Ratio* 3.83% / 1.25%
Risk/Reward Comparison
Risk Reward Graph

Ratings/Rankings

Morningstar Ratings

This information is not currently available.

Lipper Rankings
Rankings based on total returns as of 3/31/2012
Category: Emerging Markets Funds
1 Year 52 out of 450 funds

Stylebox

Baron Category: All-Cap Growth
Large Value Large Core Large Growth Large
Mid Value Mid Core Mid Growth Mid
Small Value Small Core Small Growth Small
Value Core Growth  

Performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate; an investor's shares, when redeemed, may be worth more or less than their original cost. The Adviser has reimbursed certain Fund expenses and the Fund's transfer agency expenses may be reduced by expense offsets from an unaffiliated transfer agent, without which performance would have been lower. Current performance may be lower or higher than the performance data quoted above. For performance information current to the most recent month end, click here.

The Fund may not achieve its objectives.

^All share classes combined. As of most recent month end.

*As of fiscal year ended 12/31/2011, the gross expense ratio of the Fund's Institutional Shares was 3.83%, but the net expense ratio was 1.25% (net of the Adviser's fee waivers).

Top Ten Fund Holdings based on net assets. Portfolio holdings may change over time
 
Industry sector or sub-industry group levels are provided from the Global Industry Classification Standard ("GICS"), developed and exclusively owned by MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"), unless otherwise stated that they have been reclassified or classified by the Adviser. All GICS data is provided "as is" with no warranties.

Definitions (provided by Baron Capital, Inc.): The MSCI EM (Emerging Markets) IMI Growth Index Net ia a free float-adjusted market capitalization index designed to measure equity market performance of large-, mid- and small-cap securities in the emerging markets. The MSCI EM (Emerging Markets) IMI Growth Index Net screens for growth-style securities.The index and the Fund include reinvestment of dividends, net of withholding taxes, which positively impacts the performance results.